Vaughn Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.

Aug. 1		Established the petty cash fund by writing a check payable to the petty cash custodian for $220.
15		Replenished the petty cash fund by writing a check for $215.10. On this date, the fund consisted of $4.90 in cash and these petty cash receipts: freight-out $95, entertainment expense $45.70, postage expense $42.70, and miscellaneous expense $30.10.
16		Increased the amount of the petty cash fund to $310 by writing a check for $90.00.
31		Replenished the petty cash fund by writing a check for $294.50. On this date, the fund consisted of $15.60 in cash and these petty cash receipts: postage expense $138.10, entertainment expense $95.60, and freight-out $59.30.

(a)

Your answer is correct.

Journalize the petty cash transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Aug. 1Aug. 15Aug. 16Aug. 31Correct answer	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
choose a transaction date Aug. 1Aug. 15Aug. 16Aug. 31Correct answer	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
choose a transaction date Aug. 1Aug. 15Aug. 16Aug. 31Correct answer	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
choose a transaction date Aug. 1Aug. 15Aug. 16Aug. 31Correct answer	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer
	enter an account titleCorrect answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer

eTextbook and Media

Assistance Used

• eTextbook

List of Accounts

Attempts: 2 of 4 used

(b)

Post to the Petty Cash account.

Petty Cash
choose a transaction date 8/18/168/31. Bal.	enter a debit amount	choose a transaction date 8/18/168/31. Bal.	enter a credit amount
choose a transaction date 8/18/168/31. Bal.	enter a debit amount	choose a transaction date 8/18/168/31. Bal.	enter a credit amount
choose the end date of the accounting period 8/18/168/31. Bal.	enter a debit balance	choose the end date of the accounting period 8/18/168/31. Bal.	enter a credit balance